Meiji Yasuda Asset Management Co Ltd. Lowers Position in General Dynamics Corporation (GD)

Meiji Yasuda Asset Management Co Ltd. lowered its stake in shares of General Dynamics Corporation (NYSE:GD) by 1.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,663 shares of the aerospace company’s stock after selling 130 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in General Dynamics Corporation were worth $1,996,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Quadrant Capital Group LLC increased its position in shares of General Dynamics Corporation by 0.7% in the first quarter. Quadrant Capital Group LLC now owns 608 shares of the aerospace company’s stock worth $108,000 after buying an additional 4 shares during the period. Savant Capital LLC increased its position in shares of General Dynamics Corporation by 0.4% in the first quarter. Savant Capital LLC now owns 1,815 shares of the aerospace company’s stock worth $340,000 after buying an additional 7 shares during the period. Guardian Life Insurance Co. of America increased its position in shares of General Dynamics Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,104 shares of the aerospace company’s stock worth $207,000 after buying an additional 8 shares during the period. North Star Investment Management Corp. increased its position in General Dynamics Corporation by 0.5% in the first quarter. North Star Investment Management Corp. now owns 3,316 shares of the aerospace company’s stock worth $621,000 after buying an additional 16 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC increased its position in General Dynamics Corporation by 0.3% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 7,425 shares of the aerospace company’s stock worth $1,390,000 after buying an additional 21 shares during the last quarter. 87.52% of the stock is currently owned by institutional investors.

Shares of General Dynamics Corporation (GD) opened at 197.89 on Friday. General Dynamics Corporation has a one year low of $148.76 and a one year high of $205.90. The stock has a market capitalization of $59.33 billion, a P/E ratio of 19.55 and a beta of 0.71. The stock has a 50 day moving average of $199.82 and a 200-day moving average of $193.74.

General Dynamics Corporation (NYSE:GD) last posted its earnings results on Wednesday, July 26th. The aerospace company reported $2.45 EPS for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.02. General Dynamics Corporation had a return on equity of 28.17% and a net margin of 9.63%. The company had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.76 billion. During the same quarter in the previous year, the business earned $2.30 earnings per share. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. Equities analysts forecast that General Dynamics Corporation will post $9.82 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 6th will be given a $0.84 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $3.36 dividend on an annualized basis and a yield of 1.70%. General Dynamics Corporation’s dividend payout ratio is currently 34.57%.

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GD has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. BidaskClub lowered shares of General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. ValuEngine upgraded shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Royal Bank Of Canada upped their target price on shares of General Dynamics Corporation from $211.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, April 27th. Finally, Berenberg Bank initiated coverage on shares of General Dynamics Corporation in a research note on Wednesday, July 12th. They issued a “buy” rating and a $230.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. General Dynamics Corporation currently has an average rating of “Buy” and a consensus target price of $206.59.

In other General Dynamics Corporation news, VP Christopher Marzilli sold 43,890 shares of General Dynamics Corporation stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $201.37, for a total value of $8,838,129.30. Following the sale, the vice president now owns 107,857 shares in the company, valued at $21,719,164.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lester L. Lyles sold 2,551 shares of General Dynamics Corporation stock in a transaction on Friday, May 19th. The shares were sold at an average price of $196.01, for a total value of $500,021.51. Following the completion of the sale, the director now directly owns 7,336 shares of the company’s stock, valued at $1,437,929.36. The disclosure for this sale can be found here. 6.70% of the stock is owned by insiders.

About General Dynamics Corporation

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

Institutional Ownership by Quarter for General Dynamics Corporation (NYSE:GD)

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